IMO these prices are at the very top end in pretty much every case.
For example, my electricity bill has only once every been over HK$1000 in a month, and averages about $500.
I have a 6MB broadband connection plus broadband TV including ESPN/Star, BBC World, HBO and 6 free channels for HK$294.
I was drinking capirinhias in LKF the other night for $55, and I know where to get bottles of beer and house spirits for $21 a time within 100m of LKF. I live in the mid-levels and the local restaurant over the road will serve you a three course dinner including a coffee for HK$45 - it ain't haute cuisine, but it's filling.